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WorksheetsChapter 16 section 3 Origins of Capitalism
Total questions: 13
Worksheet time: 4mins
A system in which the government controls the economic activity in a country is called
capitalism
manufacturing
baking
mercantilism
Which of the following best describes a cottage industry?
Products that are used in homes are bought and sold
Business leaders build and sell small houses and cottages
Colonists sell materials to their mother nations for profit
Family members work in their homes to make part of a product
Between the late 1500s and the early 1800s, which place were most enslaved people transported?
southern Europe
the New World
western Africa
all of Asia
Which field was begun and developed successfully by Jews in the Netherlands?
manufacturing
banking
shipbuilding
merchandising
The economic system in which individuals and private businesses run most industries is called
mercantilism
marketing
capitalism
trade
European countries got wood, cotton, furs & dyes from colonies. What conclusion can you draw?
Countries used their colonies to acquire raw materials
Countries did their best to help their colonies
The countries did not want the colonies to have these things
Countries had no other place from which to buy these things
Which nation gained economic power as a result of new trade routes and banking practices?
England
Spain
France
Portugal
After an atlas was published in the late 1500s, traders were able to
discover new ways of navigating the oceans
find new sources of wealth around the world
convince their nations to publish other books
develop better ways of managing their finances
Which of the following did not cause the demand for manufactured goods in Europe to rise?
Population of Europe was growing and expanding
Food became less costly, so there was more money to spend
There were more colonies that got their goods from Europe
Quality of manufactured goods was decreasing over time
Which of the following best describes a market economy?
Governments decide which goods and services people will make
Manufacturers decide which goods & services people will buy
Merchants decide which goods and services they will make
Individuals decide which goods and services they will buy
In order to maintain a profitable balance of trade, what did European countries try to do?
import and export as few goods as possible
import and export an equal amount of goods
import more goods than they exported
import fewer goods than they exported
Why is competition among businesses important in a capitalist economic system?
Competition ensures that all products will be good
Competition affects how much products cost
Competition determines who makes the goods
Competition keeps prices of goods the same
What usually happens in a market economy when the demand for a product rises?
The seller of the product increases the supply
The seller of the product decreases the supply
The seller of the product decreases the quality
The seller of the product increases the quality
